IFSC Code of Bank Of India, Ranebennuru, Haveri, Karnataka — BKID0008983

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Ranebennuru branch in Haveri, Haveri, Karnataka, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of India located in Haveri or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BKID0008983. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Ranebennuru, Haveri

Below in the table are the key details related to IFSC Code BKID0008983 of Bank Of India for its branch located in Haveri, within the district of Haveri in the state of Karnataka.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Haveri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008983 for the Ranebennuru branch of Bank Of India plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Ranebennuru, Haveri, Karnataka, is provided a unique IFSC like BKID0008983 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Haveri.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Haveri and Haveri.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Ranebennuru do not get misguided to another person.

Format of the IFSC Code BKID0008983

This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Ranebennuru in Haveri.

For example, the IFSC Code BKID0008983 of Bank Of India for the Ranebennuru branch includes these elements, identifying the bank and the branch location in Haveri and Karnataka accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0008983 of Bank Of India for its Ranebennuru branch located in Haveri, the following methods can help you out:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Bank Of India branches in Haveri and Haveri, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and go to the branch locator section. Then search for Ranebennuru or Haveri to find the exact IFSC Code BKID0008983.

Mobile Banking App

If you use Bank Of India's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Bank Of India and Haveri will provide accurate information.

How to Use IFSC Code BKID0008983 for Online Transfers?

Once you have the IFSC Code BKID0008983 for the Ranebennuru branch of Bank Of India in Haveri, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0008983. Transfers are processed in batches. This is suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Bank Of India IFSC Code BKID0008983.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Ranebennuru in Haveri may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Ranebennuru, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Haveri manage online transfers as well as cheque clearances with ease.